Benefits Of Customer Financing 

Offering affordable payment options for your customers has never been more important than it is in today's economy. With consumers saving any discretionary money they have, businesses need to be creative and offer flexibility with how customers can pay for their product or service. Offering a payment plan is a great way to attract more clients, increase profits and continue to grow sales revenue.

Consumers in today's economy are much smarter with how they spend their money, and businesses everywhere are beginning to realize this.  That's why it's important to offer a monthly payment plan in conjunction with your cash and credit sales price. By breaking a large dollar amount into a manageable monthly payment, you are allowing your customers to move forward with your recommended product or service. With more businesses offering financing than ever before, not offering a monthly payment plan could be the reason for customers choosing competitors over you.
   
   

The Reality Of Today's Consumer 
Today's economy calls for a unique consumer financing solution.  Our consumer finance programs can help you overcome the issues raised by today's economy.
  
 
US Household Consumer Debt Profile:
  • Avg Credit Card Debt: $15,418
  • Avg Mortgage Debt: $149,782
  • Avg Student Loan Debt: $34,703
In Total, American Consumers Owe:
  • $852 Billion in CC Debt
  • $8.15 Trillion In Mortgages
  • $914 Billion In Student Loans

About 2.5 Million Americans Seek Help From Credit Counselor's Each Year
 
56% of Households Carry a Balance On Their Credit Cards
 
26% Of Consumers Said Their Debt Got "Higher" In The Past 12 Months
 
Over 40% of US Families Spend More Than They Earn Every Year.
Because of the current economy, it's especially important to offer your customers consumer finance options.  Our customer finance program will help you appeal to more customers.  That's what customer finance programs are useful for, they create affordable monthly payments out of a larger expense.  The customer finance program we offer will help your business grow...it's as simple as that.  Just ask any of our current clients using one of our customer finance programs.

Advertise Payments & Increase Sales
First Look Approval can help your business advertise affordable monthly payments with our customer finance program.  By advertising payments over price and using our customer finance program, you'll grow your business. 
If your product or service costs $500 or more, you should be offering financing options for your customers.  By offering an affordable monthly payment plan, you'll appeal to more customers, specifically those who can't afford your product or service's cash price. Let's look at an example of how advertising monthly payment options can increase sales for your business.  

Below we have a sample advertisement showing how most businesses advertise their product or service.  We then feature an updated version of that same advertisement with a slight tweak: we advertise payment options in conjunction with the regular message.  A simple adjustment like this in your business can make your product or service appeal to more customers, increasing sales.
  
By not having a consumer finance program in place, you're missing out on SMART advertising opportunities.
Advertising Without Financing Options (Common Way)
 
By advertising same as cash promotions, your consumer finance program will attract more customers.  
Advertising With Financing Options 
(Our Way)
 
(Click To Enlarge)
(Click To Enlarge)
First Look Approval's customer finance program is a great marketing tool.  Our customer finance program can help you appeal to more customers as our customer finance program allows for affordable monthly payments to be advertised.
Find Out Why Our Clients Are Saying We're Refreshingly Different